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Gawker files for bankruptcy, to sell itself to Ziff Davis

Published on June 10, 2016 in Apolitical/Top Headlines by Associated Press

Gawker is filing for bankruptcy protection and will sell itself rather than pay $140 million to pro wrestler Hulk Hogan. The company says it plans to sell itself to publishing company Ziff Davis. Gawker filed for Chapter 11 bankruptcy protection, about three months after Hogan won a lawsuit against the online gossip and news publisher. The sale will be conducted through bankruptcy court so other bidders could emerge. The New York company said in the filing that it has as…

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A wrestler, a website and maybe a billionaire go to the mat

Published on May 26, 2016 in Apolitical/Top Headlines by Tamara Lush

Is Hulk Hogan‘s courtroom cage match with Gawker being bankrolled by a high-tech billionaire with a grudge against the news-and-gossip site? Two months after Hogan won a $140 million invasion-of-privacy verdict against Gawker for posting a sex tape of him, news reports say the pro wrestler is secretly backed by Silicon Valley venture capitalist Peter Thiel. Thiel, who co-founded PayPal and was an early investor in Facebook, was outed as gay by a Gawker-owned website in 2007, and the Gawker…

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